secwatch.observer — SEC 8-K summary
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Issuer:     New Providence Acquisition Corp. III/Cayman (NPAC)
CIK:        0002048948
Form:       8-K
Filed at:   2026-06-08T21:10:15+00:00
Accession:  0001213900-26-066354
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

New Providence Acquisition Corp. III issues $1.5M promissory notes to co-CEOs for working capital
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- Issued two unsecured promissory notes totaling $1.5M ($750k each) to co-CEOs Gary Smith and Alexander Coleman.
- Notes bear no interest, mature upon earlier of business combination or liquidation.
- Lenders may convert outstanding principal into units at $10/unit, identical to private placement units from IPO.
- Sponsor previously advanced $200k, payable on demand.
- Proceeds used for working capital needs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2048948/000121390026066354/0001213900-26-066354-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2048948/000121390026066354/ea0293890-8k_newpro3.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-066354

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